B&CE furloughs 140 staff and changes charging structure

James Phillips
clock • 3 min read

B&CE, the provider of The People’s Pension, has furloughed just under a quarter of its members of staff in response to pressures from the Covid-19 crisis.

The master trust provider said around 140 staff have been asked not to work, but they will kept on payroll in order to take advantage of the government's Coronavirus Job Retention Scheme. This will...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

TPR publishes updated capital reserve guidance for DC master trusts

TPR publishes updated capital reserve guidance for DC master trusts

Regulator says it will publish annual data on reserving practices from 2027

Martin Richmond
clock 20 March 2026 • 2 min read
Partner Insight: A just transition in banking – support for pension investors

Partner Insight: A just transition in banking – support for pension investors

Royal London Asset Management share what four years of collaborative engagement with the UK's largest banks revealed about progress, gaps and what comes next

Royal London Asset Management
clock 18 March 2026 • 5 min read
Master trusts 'dominate' DC market, TPR data shows

Master trusts 'dominate' DC market, TPR data shows

Regulator urged schemes that do not offer value to consolidate

Holly Roach
clock 17 March 2026 • 3 min read
Trustpilot